2-bedroom house · DN32 0RY
Sold STCListed 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in close proximity to Grimsby town centre, this 2-bedroom upper flat is nestled within a gated development, offering a smart and well-presented living space.
The property boasts the benefit of an extended lease upon completion, making it an excellent investment opportunity.
Currently let on an Assured Shorthold Tenancy agreement at £800 per calendar month, yielding an impressive 9.1% return.
The flat includes a garage for secure parking, an attractive bathroom, and an open-plan living/kitchen area with sleek units.
Viewing is essential to appreciate the contemporary design and convenient location of this property. Don't miss out on the chance to own this fantastic investment opportunity.
Contact us today to arrange a viewing. Communal Entrance With stairs to first floor accommodation. Entrance Hall With laminate flooring.
Open Plan Living Room/Kitchen Dimensions: 5.48mx 4.75m.
With laminate flooring and fitted with a good selection of modern wall and base units incorporating a sink unit with drainer and mixer tap and having integrated electric oven, hob and extractor.
Radiator. uPVC double glazed window unit. Bedroom 1 Dimensions: 3.51m x 2.81m. With radiator and uPVC double glazed window unit. Bedroom 2 Dimensions: 3.46m x 2.86m.
With radiator and uPVC double glazed window unit. Bathroom Fitted with an attractive white three piece suite comprising panelled bath (bath with shower over), pedestal basin and low-flush w.c.
Heated towel rail. Recessed spotlights.
Disclaimer Disclaimer Every attempt has been made to ensure accuracy, however these property particulars are approximate and for illustrative purposes only.
They have been prepared in good faith and they are not intended to constitute part of an offer of contract.
We have not carried out a structural survey and the services, appliances and specific fittings have not been tested.
All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of any fixture or fittings.
Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked prior to agreeing a sale.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Wellowgate Mews, Grimsby, DN32
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